Sunday, October 30, 2011

Krugman (Homework for 10/28)

I think that these krugman articles formed a solid foundation for the concept that free trade is the best possible ensure a solid market economy and better the most people. They also cement the idea that it really is just that simple.

1) To what extent is it difficult to accept Ricardo's proposition because it is just so simple?
2) Is it really the betterment of another society that makes free trade the ethically correct choice? Is it still exploitation if they are bettering themselves but in poor conditions?
3) Could a non-free trade environment ever be more beneficial overall than the opposite?

I think the importance of these pieces lie in what is essentially a structured retelling of what Rizzo has been saying in class. What Rizzo has told us in stories about trade, Krugman provides in more of a structured, argument-type manner.

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